Pratt & Whitney and IndiGo Finalize Agreement for 300 PurePower® PW1100G-JM Engines
FARNBOROUGH AIR SHOW, Monday, July 9, 2012
Pratt & Whitney and IndiGo signed a definitive agreement for PurePower PW1100G-JM engines for 150 Airbus A320neo family aircraft. The agreement includes 300 firm PurePower PW1100G-JM engines with additional options and a long-term PureSolutionSM maintenance agreement. Deliveries are scheduled to begin in 2015. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).
“With oil prices on the rise, we are more satisfied than ever with our selection of the Pratt & Whitney PurePower engine,” said IndiGo President Aditya Ghosh. “As a result of the lower engine operating cost, we are confident that we can maintain our competitive low fares while simultaneously offering our customers the most environmentally friendly way to fly.”
As part of this agreement, each IndiGo Airbus A320neo family aircraft will be powered by two PurePower PW1100G-JM engines with benefits including double-digit reductions in fuel burn, environmental emissions, engine noise and operating costs when compared with today’s engines.
“This IndiGo order represents one of the largest engine orders in Pratt & Whitney’s long history," said Todd Kallman, president, Commercial Engines & Global Services for Pratt & Whitney. “We are excited by the opportunity to power IndiGo’s A320neo fleet and fly its customers with the dependable Pratt & Whitney PurePower engines.”
Pratt & Whitney has more than 2,500 PurePower engines on order, including options. The PurePower engine uses an advanced gear system allowing the engine’s fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core delivers double-digit improvements in fuel efficiency and environmental emissions as well as a 50 percent reduction in noise.
IndiGo is India’s largest low-cost carrier, as well as the fastest growing carrier. It operates domestic services linking 32 destinations. Its main base is Delhi’s Indira Gandhi International Airport.
PureSolution service agreements provide flexible and comprehensive aftermarket solutions for PurePower engine family operators and ensure lowest cost of ownership throughout the engine life cycle.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries. Please visit www.utcaero.com for news from Pratt & Whitney and United Technologies at the Farnborough Air Show 2012.
IndiGo is India's largest airline with a market share of 24.9% as of May, 2012 as well as the country's largest low fare carrier. IndiGo is the fastest growing low cost carrier in the world (source: CAPA). IndiGo has a simple philosophy: offer fares that are always low, flights that are on time, and a courteous, hassle-free travel experience. IndiGo’s On Time Performance is one of the best in India. IndiGo’s Technical Dispatch Reliability is 99.91% making it the airline with the least number of cancellations in India. With its fleet of 57 new Airbus A320 aircraft, the airline offers 351 daily flights connecting 32 destinations - Agartala, Ahmedabad, Bangkok, Bengaluru, Bhubaneswar, Coimbatore, Chennai, Delhi, Dibrugarh, Dubai, Goa, Guwahati, Hyderabad, Imphal, Indore, Jaipur, Jammu, Kathmandu, Kochi, Kolkata, Lucknow, Mumbai, Muscat, Nagpur, Patna, Pune, Raipur, Singapore, Srinagar, Trivandrum, Vadodara & Vishakhapatnam. IndiGo has recently announced its international flights from Delhi to Muscat and Kathmandu, Dubai, Singapore and Bangkok as well as Mumbai to Bangkok and Dubai. The first international flight commenced on September 01, 2011. IndiGo is led by its President, Aditya Ghosh and is promoted by InterGlobe Enterprises and Mr. Rakesh Gangwal, an aviation industry veteran and entrepreneur. InterGlobe Enterprises is a leader in aviation and travel related services‚ growing the market through innovation and service leadership. We build businesses and represent global brands that deliver quality and value. Established in 1989‚ with headquarters in Gurgaon‚ today InterGlobe has a network of 62 offices across 44 cities globally. InterGlobe employs more than 9,500 professionals across its businesses which include IndiGo (InterGlobe Aviation) ‚InterGlobe Technologies‚ InterGlobe Air Transport‚ InterGlobe Technology Quotient‚ InterGlobe Hotels and InterGlobe Established.
This release includes "forward looking statements" concerning future business opportunities and other matters involving this engine that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the strength of end market demand in the aerospace industry; as well as company specific items including the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies including this engine, and new products including the engine discussed in this press release; and delays and disruption in delivery of materials and services from suppliers. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.